Google AdSense Forum

Did anyone else from Canada receive their EFT today for Google AdSense, and see the exchange rate that was used?

They used an exchange rate of $1 USD = $0.977 Canadian dollars, and so if your earnings were $1000 USD, the EFT was for $977 Canadian.

However, the actual exchange rate in the market lately has been the other way around, i.e. $1 Canadian = 0.977 USD, or alternatively $1 USD = $1.0235 Canadian. So, US $1,000 should have converted into $1,023.50. The Canadian dollar had been trading above par for several months, but is definitely below par again.

You can see the current exchange rate at www.xe.com or similar sites.

They've done this before, using the inverse instead of the proper exchange rate......this is a 5% difference, which is fairly significant.

After poking around I realize I have seen this before - an email from Adsense from March 29, 2010 apologizing for using the wrong exchange rate - it was later corrected. I assume we'll see another one of these soon, if not I'll raise it in the Adsense forum.

From a Google Employee: "Our financial team has doublechecked the financial exchange rate and has verified that it is correct. They established the rate towards the beginning of May." They use the rate of the day the payments are finalized.

The exchange rate fluctuated between 0.98 and 0.99 for most of August then jumped to 1.02 a week or so ago. So yes, I think there was an error - for about the fourth time. Usually the rate is quite fair so I guess we can't complain. Maybe they'll make it up to us on the next payment.